Malaysians, Mainland Chinese still eager to snap up Singapore ho

[Pinkieslut]

Malaysians, Mainland Chinese still eager to snap up Singapore homes

Over 500 homes were snapped up in Q3.

Mainland Chinese and Malaysians continue to have a strong appetite for Singapore residential properties despite unfavourable exchange rates, according to a report by DTZ.

In the third quarter, some 275 homes were purchased by Malaysians, making up about 26% of total non-Singaporean purchases. Meanwhile, 255 private homes were purchased by Mainland Chinese, making up about 24% of total non-Singaporean purchases.

The majority of the Mainland Chinese buyers (70%) and Malaysian buyers (89%) are Singaporean Permanent Residents.

Some of these Malaysian and Mainland Chinese buyers were high net-worth individuals and were active in the prime districts. Some 29 units in prime districts were purchased by Malaysians, while the number of Mainland Chinese purchases was 22 units.

Apart from high net worth individuals, Singapore also attracted the middle-income home buyers from Malaysia and Mainland China. They were very active in districts 28 and 19, and most are purchasing units priced below $2m.

“Further analyses suggested that the majority of sales emanated from High Park Residences and Bontanique at Bartley. Historically, private home purchases by Malaysian and Mainland Chinese buyers tend to increase when their exchange rates become more volatile. This is especially so among the Permanent Residents who work in Singapore,” the report said.
- See more at: http://sbr.com.sg/residential-prope...ger-snap-singapore-homes#sthash.jZxoWUDI.dpuf

 

[lifeafter41]

Malaysians, Mainland Chinese still eager to snap up Singapore homes

Over 500 homes were snapped up in Q3.

Mainland Chinese and Malaysians continue to have a strong appetite for Singapore residential properties despite unfavourable exchange rates, according to a report by DTZ.

In the third quarter, some 275 homes were purchased by Malaysians, making up about 26% of total non-Singaporean purchases. Meanwhile, 255 private homes were purchased by Mainland Chinese, making up about 24% of total non-Singaporean purchases.

The majority of the Mainland Chinese buyers (70%) and Malaysian buyers (89%) are Singaporean Permanent Residents.

Some of these Malaysian and Mainland Chinese buyers were high net-worth individuals and were active in the prime districts. Some 29 units in prime districts were purchased by Malaysians, while the number of Mainland Chinese purchases was 22 units.

Apart from high net worth individuals, Singapore also attracted the middle-income home buyers from Malaysia and Mainland China. They were very active in districts 28 and 19, and most are purchasing units priced below $2m.

“Further analyses suggested that the majority of sales emanated from High Park Residences and Bontanique at Bartley. Historically, private home purchases by Malaysian and Mainland Chinese buyers tend to increase when their exchange rates become more volatile. This is especially so among the Permanent Residents who work in Singapore,” the report said.
- See more at: http://sbr.com.sg/residential-prope...ger-snap-singapore-homes#sthash.jZxoWUDI.dpuf

It would be interesting to know if Singaporean has also snapped up properties across the causeway, with the favorable exchange rate recently of 1 : 3

 

[xebay11]

It would be interesting to know if Singaporean has also snapped up properties across the causeway, with the favorable exchange rate recently of 1 : 3

It would be sad as this means Singapore is not for Singaporeans any more.

 

[Ambulance]

halo jiu hu kia ah ni wu lui peng yew jin zway ah lau ah zua sung yee lui kai tak chek bian lui si boh

 

[bigboss]

It would be sad as this means Singapore is not for Singaporeans any more.

Which country in the world would allow foreigners to buy and own Govt subsidized HDB flats originally built for its local born citizens? None except sinkie land.

It is a sell out of the country to foreigners. Should these foreigners decide to cash out and leave sinkie land during a crisis, the price of re-sale HDB flats in the market would just collapse and pull down along all other sectors of the economy.

Eventually, foreigners will be owning a huge chunk of Govt subsidized flats in the country and how do the pappies get rid of them without causing a dent in the economy? These foreigners can sell their HDB flats, collect the profits made, pack up and leave for homeland. An outflow of currency.

Local sinkies can sell, collect the profits made but still need to buy another property to live in. A circulation of the sale proceeds to stimulate the economy.

Dumb pappies should have laid down this rule: SPR can buy HDB flat but sell it back to HDB, not in the open re-sale market, at original purchase price. If pappies could apply such rule to studio apartment, why not to re-sale flats purchased by foreigners?

No wonder foreign imported shits regard pappies as their God.